AutoZone - Net Lease Property for Sale
Camden, NJ
Key Investment Metrics
Price
$1,565,650
Cap Rate
6.0%
Net Operating Income
$93,939
Building Size
8540 SF
Lot Size
8,540 SF
Land Area
0.2 Acres
Remaining Term
8 years
Lease Expiration
01/01/2034
Lease Term
10 years
Lease Commencement
01/01/2024
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increase Every 5 Years
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Camden, NJ and represents an excellent investment opportunity for commercial real estate investors. The property features 8540 square feet of building space.
With a cap rate of 6.0%, this AutoZone net lease property offers stable income potential. The asking price is $1,565,650, making it an attractive option for 1031 exchange investors seeking quality AutoZone commercial properties.
Why Invest in AutoZone NNN Properties?
- Stable Income: AutoZone net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: AutoZone is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Camden, NJ Market Overview
Located in Camden, NJ, this AutoZone property benefits from strong local demographics and market fundamentals. The Camden area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.